A new revolution in power transmission and distribution is emerging with the large-scale integration of energyefficient smart grids and infrastructure improvements. Utilities are integrating their electric equipment with sensors, data communications, controls, and software orchestration that leverage real-time information and analytics to effectively address the challenges of today’s power industry.
On account of these advancing developments, the global transmission and distribution market is forecasted to be worth $300 billion in 2031, according to the latest market analysis reports. The reports identify the market to witness prolific growth at a CAGR of 4.1 percent during the forecast period. Rapid urbanization and industrialization, coupled with a substantial rise in investments in grid technologies and smart meters, are the principal factors driving the market growth, boosting the electricity demand.
This edition of Utilities Tech Outlook brings forth the most influential developments in the transmission and distribution space aimed at increasing reliability, integrating renewable energy resources, and aiding better business decisions. The edition features thought leadership articles from Stephen Harrison, Director of Asset Management and Interim Director of Internal Audit at California Water Service, who sheds light on the significance of audits to enhance and validate the performance, maturity, and importance of an asset management program. It also brings to the spotlight invaluable insights from Walter Alvarado, VP of System & Transmission Operation at Con Edison, who talks about contributing to a clean future and energy transition using technology and deep analysis of rich data.
Along with these critical insights from industry experts, the edition features Maddox Industrial Transformer, which specializes in the design and manufacture of a full range of high-quality, custom, and standard commercial- and industrial-grade transformers.
We hope this edition helps you find the most appropriate transmission and distribution solution and service providers that will assist you with the industry-best approaches dedicated to building more precision, visibility, and control to reduce downtime in power distribution and increase energy efficiency and reliability.
Let us know your thoughts!
